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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
12-12-2009, 01:47 PM
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#1
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,714
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The recession is the fault of our government basically encouraging US companies to export jobs overseas to keep profits in check. Less high paying jobs in the U.S. meant less people were able to pay their mortgages and the result was the collapse of the banks that were leveraged 30 or 50 to 1...
Whose fault was it? Every person who buys products made in China is to blame. Buy American.  |
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12-12-2009, 01:57 PM
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#2
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BigFish Bait Co.
Join Date: Apr 2003
Location: Hanover
Posts: 23,392
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What Eben said! Can you say NAFTA? |
Almost time to get our fish on!!! 
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12-12-2009, 06:04 PM
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#3
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Afterhours Custom Plugs
Join Date: Mar 2004
Location: R.I.
Posts: 8,663
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Quote:
Originally Posted by Nebe
The recession is the fault of our government basically encouraging US companies to export jobs overseas to keep profits in check. Less high paying jobs in the U.S. meant less people were able to pay their mortgages and the result was the collapse of the banks that were leveraged 30 or 50 to 1...
Whose fault was it? Every person who buys products made in China is to blame. Buy American. |
for the 3rd time ever  - what he said.... |
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12-12-2009, 06:12 PM
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#4
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Registered User
Join Date: Oct 2008
Location: Warwick
Posts: 541
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I agree with the loss of jobs overseas, but all of us that borrowed, borrowed, borrowed are to blame as well.
Real estate lawyers and mortgage brokers will drive uo prices again.
remember the first real estate crash circa 1989? things were terrible until around '92 or '93.
Any coincidence that each time a Bush was in office? Too bad Obama was elected to fix the problem. he has made it worse
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12-12-2009, 06:12 PM
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#5
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Registered User
Join Date: Apr 2002
Posts: 5,945
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Quote:
Originally Posted by Nebe
The recession is the fault of our government basically encouraging US companies to export jobs overseas to keep profits in check. Less high paying jobs in the U.S. meant less people were able to pay their mortgages and the result was the collapse of the banks that were leveraged 30 or 50 to 1...
Whose fault was it? Every person who buys products made in China is to blame. Buy American. |
another AMEN, from the amen chorus..
only thing I will add, is blame the folks that hire the guest workers, with or without papers, and send their money OUT of the country..
not only buy American, or (most likely) American owned, but HIRE Americans too. |
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12-12-2009, 06:13 PM
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#6
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,500
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Quote:
Originally Posted by Nebe
The recession is the fault of our government basically encouraging US companies to export jobs overseas to keep profits in check. Less high paying jobs in the U.S. meant less people were able to pay their mortgages and the result was the collapse of the banks that were leveraged 30 or 50 to 1...
Whose fault was it? Every person who buys products made in China is to blame. Buy American. |
Nebe, you should consider politics.
Your statement makes no real sense, and isn't backed by any facts or anecdotes...but regardless will be instantly adored by the average joe six pack who still holds a full vote.
Excellent job!
-spence |
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12-12-2009, 07:29 PM
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#7
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Registered User
Join Date: May 2001
Location: Rhode Island
Posts: 3,650
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The real estate bubble and all that came with it.
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12-12-2009, 07:45 PM
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#8
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Afterhours Custom Plugs
Join Date: Mar 2004
Location: R.I.
Posts: 8,663
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Quote:
Originally Posted by spence
Nebe, you should consider politics.
Your statement makes no real sense, and isn't backed by any facts or anecdotes...but regardless will be instantly adored by the average joe six pack who still holds a full vote.
Excellent job!
-spence
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it was a very broad wide encompassing statement that has some truth to it, no facts or anecdots ( but i'm sure some could be presented if one has the time). we average joe six packs who are lucky that they let us vote may see some merit in his post. sat. 7:30ish- should'nt you be shoe shopping or ironing next weeks outfits |
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12-13-2009, 09:06 AM
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#9
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,500
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Quote:
Originally Posted by afterhours
it was a very broad wide encompassing statement that has some truth to it, no facts or anecdots ( but i'm sure some could be presented if one has the time). we average joe six packs who are lucky that they let us vote may see some merit in his post. sat. 7:30ish- should'nt you be shoe shopping or ironing next weeks outfits |
Shoes? You have no idea 
-spence |
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12-12-2009, 02:07 PM
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#10
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Registered User
Join Date: Oct 2009
Posts: 14
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Look for a date when the Glass Steagel Act was changed to let banks grow across state lines and become too big to fail. Anybody remember Ronnie?
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12-13-2009, 06:22 AM
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#11
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by CaptRandy
Look for a date when the Glass Steagel Act was changed to let banks grow across state lines and become too big to fail. Anybody remember Ronnie?
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not sure which Ronnie you are referring to but Bill Clinton enthusiastically signed the repeal and Robert Rubin was the architect....
Nov 12-1999, President Clinton stated, " Glass- Stegal (FDR Banking Bill) is no longer appropriate for our economy. This was good for the industrial age. The (1999) Financial Modernization Bill is the key to rising paycheck and great security for ordinary Americans".
Last edited by scottw; 12-13-2009 at 07:07 AM..
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